China’s Shanghai International Port Group (SIPG) retained its top position as the world’s busiest container port for the ninth consecutive year.
The port recorded 42.01 million TEU container throughput in the year of 2018, an increase of 4% year-on-year compared to 40.23 million TEU posted in the previous year, reaching a record high. The port achieved RMB10.28 billion net profit in 2018.
The port’s improved performance was due to the contribution a recovery in the global economy, China’s import and export business keeps increasing. The port has also been improving service capability and efficiency to achieve continued stable growth, SIPG sated in its 2018 performance brief report.
Shanghai port container terminals, equipped with most advanced facilities, located in Yangshan, Waigaoqiao and Wusong areas, have 46 container berths, and over 6m square metres container yards.
Staying as the world’s second largest container port Singapore reported an 8.7% growth in container volumes to hit 36.6 million TEU last year.
Copyright Ships & Ports Ltd. Permission to use quotations from this article is granted subject to appropriate credit given to www.shipsandports.com.ng as the source.